The $85.3 million that changed hands in five apartment property sales during the second quarter of 2012 resulted in a year-to-date total of $113.4 million for eight deals, still well off the pace set the year before. The average selling price and mean cap rate for the latest quarter’s deals were $103,000 per unit and 6.9%. The 12-month rolling cap rate per quarter-end was 7.0%, down from 7.5% four quarters prior. In the second quarter’s largest transaction, the second largest in a year, MG Properties Group paid Bascom Group LLC $38 million ($110,465 per unit) for the 344-unit Sage Canyon Apartments in Temecula. The deal closed in June at a 6.4% cap rate. The Class A property, built in 1986 and renovated in 2008, was 8.1% vacant at sale date.